The Federal Bank has reported results for first quarter ended June 30, 2021.
The bank has reported a fall of 8.35% in its net profit at Rs 367.29 crore for the quarter under review as compared to Rs 400.77 crore for the same quarter in the previous year. However, total income of the bank marginally increased by 1.86% at Rs 4,005.86 crore for Q1FY22 as compared Rs 3,932.52 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a fall of 12.88% in its net profit at Rs 356.76 crore for the quarter under review as compared to Rs 409.50 crore for the same quarter in the previous year. However, total income of the bank marginally increased by 2.28% at Rs 4,147.77 crore for Q1FY22 as compared Rs 4,055.42 crore for the corresponding quarter previous year.